Replies to post #4872 on Ambac Financial Group Inc (AMBC)

[Entangled Proton]

I still need about 5k, but if ABK breaks 2.00 tomorrow I should just about have that in the bag. Then I only have to worry about medical bills.

[aharfo56]

True, you could have gotten more...but a profit is a profit, and given how volatile ABK has been I wouldn't risk it. Maybe letting some ride would be acceptable risk after you've taken your profits, but I remember how volatile it was. It was rough watching ABK bounce up, down, and everywhere in between...imagine if your retirement was in ABK back when it was $80 per share, and then watching it fall to under $1. That would have turned $1 million dollars into $12,500 or enough for a decent used car or to buy a storage shed to live in for retirement...ugh!

I thought about buying in Friday after hours, but I need to see more substance from ABK before that happens. If things turn around and they continue to make significant profits next quarter, along with recreating themselves and providing shareholders with a real plan for a future business, I'll buy in. Of course, by then ABK will be back at $10 per share.....oh, the slings and arrows of the outrageous stock market fortune....